- Taoping Inc. reported a **net loss of approximately $4.7 million** for the six months ended June 30, 2025, compared to a net income of approximately $0.6 million for the same period in 2024, with revenue decreasing by **2.6%** to **$17.6 million**.  **[1552670_0001493152-25-016535_ex99-2.htm:1]** **[1552670_0001493152-25-016535_ex99-2.htm:2]** 
- On September 29, 2025, the Company signed an agreement to acquire **100% equity in Skyladder Group Limited** for approximately **RMB 152 million (US$21.36 million)**, payable in **7,882,921 ordinary shares**, with the transaction expected to close by December 31, 2025.  **[1552670_0001493152-25-016535_ex99-2.htm:1]** **[1552670_0001493152-25-016535_ex99-1.htm:6]** **[1552670_0001493152-25-016535_ex99-1.htm:7]** **[1552670_0001493152-25-016535_ex99-1.htm:28]** 
- Effective May 29, 2025, Taoping Inc. implemented a **one-for-thirty reverse stock split** to meet Nasdaq's minimum bid price requirement, regaining compliance on June 13, 2025.  **[1552670_0001493152-25-016535_ex99-1.htm:0]** **[1552670_0001493152-25-016535_ex99-2.htm:2]** 
- As of September 30, 2025, the Company had received approximately **$7.2 million** in gross proceeds from public and private standby equity purchase agreements.  **[1552670_0001493152-25-016535_ex99-1.htm:7]**

Taoping Inc. Reports First Half 2025 Financial Results and Announces Strategic Acquisition

- **Taoping Inc. (TAOP)** signed a **Share Purchase Agreement** on **September 29, 2025**, to acquire **100% equity** in **Skyladder Group Limited** for approximately **RMB 152 million (US$21.36 million)**.  **[1552670_0001493152-25-016209_ex99-1.htm:0]** **[1552670_0001493152-25-016209_ex99-2.htm:0]** **[1552670_0001493152-25-016209_form6-k.htm:1]** 
- The acquisition consideration will be paid in **7,882,921 ordinary shares** of Taoping, with share unlocking tied to **Skyladder Group's performance targets** for revenue and net profit from **October 1, 2025, through 2029**.  **[1552670_0001493152-25-016209_ex99-2.htm:0]** **[1552670_0001493152-25-016209_form6-k.htm:1]** **[1552670_0001493152-25-016209_form6-k.htm:2]** **[1552670_0001493152-25-016209_ex99-1.htm:4]** 
- Key performance targets for Skyladder Group include achieving **RMB 20.41 million in revenue** and **RMB 1.1 million in net profit** for the period from October 1, 2025, to December 31, 2025, and **RMB 180.66 million in revenue** and **RMB 22.14 million in net profit** for FY 2029.  **[1552670_0001493152-25-016209_form6-k.htm:2]** **[1552670_0001493152-25-016209_ex99-1.htm:5]** 
- This acquisition is a **strategic move** to expand Taoping's smart cloud platform services into the **smart elevator service sector**, leveraging AI technology.  **[1552670_0001493152-25-016209_ex99-2.htm:0]** 
- The transaction is anticipated to close by **October 31, 2025**, with a final deadline of **December 31, 2025**.  **[1552670_0001493152-25-016209_form6-k.htm:1]** **[1552670_0001493152-25-016209_ex99-1.htm:9]**

Taoping Inc. to Acquire Skyladder Group in All-Stock Transaction

- **Taoping Inc. (TAOP)** has signed a share purchase agreement to acquire **100% equity** in **Skyladder Group Limited** for approximately **RMB 152 million** (approximately **US$21.36 million**).  **[1552670_20250930CN86590:0]** 
- The acquisition will be an **all-stock transaction** and is expected to **substantially increase Taoping's annual revenue**, expand its addressable market, and leverage its current portfolio.  **[1552670_20250930CN86590:0]** 
- Skyladder Group has performance-based targets for share unlocking, including achieving revenue of **RMB 74.14 million** and net profit of **RMB 3.80 million** in 2026, and revenue of **RMB 180.66 million** and net profit of **RMB 22.14 million** in 2029.  **[1552670_20250930CN86590:0]** 
- This strategic move aims to accelerate Taoping's growth by expanding into the **AI-enabled smart elevator service sector** and enhancing its smart IoT strategy.  **[1552670_20250930CN86590:0]**

Taoping (TAOP)